Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
Minutes, it was a steady descent. Volume pretty low and i would expect that would be the case tomorrow before the fed decision on wednesday. Lets dive deeper into the action with our market reporters. Abigail im watching the s p 500. Lets check out a range chart. The first one back in january of 2018 after President Trump slap tariffs on solar panels and washing machines. Trade is a concern. As the fed was tightening and the economy was doing ok, the new concerns about trade, a huge whipsaw down. Not so long ago, there was a pattern in their that tells you investors that bought will down at the bottom were looking to take profits. They are letting it ride a istle bit it is suggested it move it is morphing into an ultimate bayer pattern. Name of thes the game but it looks like the near term to mediumterm could just be bullish for stocks. Emma i was taking a look at the Great British pound, dropping furry fourth consecutive day and hitting a six month low. Over at unicredit saying the cl
On Economic Optimism around tax reform. This is an appropriate week for that last one. Basically inline, isn manufacturing index, month of november. Major averages, not much of an influence. We are looking at a small decline. In recordt putting highs. We have had several record highs in a row for the dow, but this is the first down day in six for the dow, at least right now. The tech heavy nasdaq down nearly half a percent. This week has been about a lot of volatility. As you look at the fiveday chart of the nasdaq 100, monday and tuesday flat, and a big on wednesday, a tech selloff. A bit of a rebound yesterday. Now, we are looking at a drop again. The nasdaq down about 1 . The dow one pays for its best week of the year. A do in terms of volatility. About 15, closer to 16. The s p 500 vix closer to 11. Interesting to see how all of this plays out. Volatility tends to breed volatility. There may be more intraday and closing day moves ahead. We do have november auto sales out. A bit of
We will bring you our exclusive interview. You are very welcome. It is daybreak europe. It goes red on your bloomberg. 519 million euros. Actual were hoping to deal with that. The earnings before tax 232 million euros. Target for both sales and earnings, what are the earnings . Lines. Re the top we have achieved the minimum levels necessary to cover the cost of capital. Company sees a turnaround in its Industrial Solutions business. Just looking for one or two rises but that is rising. Deco, have a look at a one of the worlds biggest employers, temporary and fulltime. Theyre telling us the top line number, delivering first off revenue of 11. 7 billion swiss francs. Thats for the first half of this year. Net income for the second quarter, 192 million. Looking at a net income of 192 million. We willled in talk to all of these companies, will be joined by the ceo of forco in a few moments time his first interview of the day. A little bit of risk for you, the risk radar. Some recovery, fai
Hello, welcome to countdow. It is 7 00 here in london on this monday morning. Vodafone is looking at a link with liberty global. And talks to buy the portuguese assets. T is all pointing one way analysts expecting a wave of consolidation in the telecom space. Here with more is caroline hyde. Lets start with bt. It has set the cat among the pigeons. It has. We understand it is looking at 02, getting a grip on mobile. It is about quad play. This is the choice of words we use when it comes to telecoms. You have to have all four things if you want to win it. It offers television. Rather nice soccer rights. It now wants to offer mobile as well. The u. K. Is bizarre. We dont often have all four things rolled into one. We like to pick and choose. The way you can make money, the way you can have synergy and stop people moving to rivals is having all four things. Is considering teaming up with its old rival, liberty global. Remember, they used to battle over assets in germany. He were trying to